Question

Select appropriate alternatives from those given below and rewrite the sentence.
_________ is the process of deriving the difference between totals of the debit and credit side of each ledger a/c.

Options

• Totalling

• Journalizing

• Balancing

• Posting

Answer 1

Balancing is the process of deriving the difference between totals of the debit and credit side of each ledger a/c.